It can be said that the domestic epidemic has basically been controlled, and sporadic rebounds will not affect the overall situation. However, if we look at the "two brothers" Brazil and the United States in Latin America, we have to admit that their physical fitness is good. , without wearing a mask, marching when it’s time, protesting when it’s time. The party went on as usual, and everything was as if nothing had happened. The number of new cases remains high and continues to rise, but there are two others that continue to rise along with the confirmed cases, one is Tesla's stock and the other is Musk's wealth.
Faced with life on one side and economy on the other, Tesla rushed straight up out of the earth and towards Mars. For this reason, Tesla CEO Musk commented calmly, calling it "Wild? times!"
In fact, Musk is very concerned about Tesla's stock price. In December last year, Tesla's stock price exceeded $420, exceeding Musk's 2018 privatization offer. Musk once said on social networks, wow?...?The stock price is really high, haha!
About half a year later, Tesla’s stock price has more than tripled. As of Monday's close, Tesla's share price reached US$1,497.06, with a total market value of approximately US$277.668 billion. It even reached $1,794.99 during the session. The total market value exceeds US$300 billion. In this way, Tesla is equivalent to 8 General Motors or 12 Fords. It can be said that it has firmly occupied the top spot in the market capitalization of global car companies, leaving Toyota with a market capitalization of US$172.8 billion far behind.
The latest Tesla is going up, up, up! Not a trace of hesitation. It is said that in 2010, Tesla’s initial IPO of shares was only $17. Now it has increased by 88 times. In 2019, it increased by 30 times. With such a growth rate, Tesla’s stock has to be said to be sitting at the top. Flying directly into outer space on SpaceX.
The favorable conditions for all parties have made Tesla the focus of discussion around the world. To put it simply, whatever Musk does now is big news. Regardless of whether things are good or bad, the final transformation will be Good thing, even if Tesla's AP does not recognize white trucks and the workmanship quality has been questioned, it will be reflected in the stock price with one word "up". ?
At the opening ceremony of the just-concluded Shanghai 2020 World Artificial Intelligence Conference, Tesla CEO Musk, as a "resident" guest, delivered a keynote speech on AI using remote video. However, There was no colonization of Mars in the speech, but an introduction to Tesla's latest progress. "Since you want to hear me talk about Tesla, then I will never hold back." Musk seems to have firmly captured the hearts of people around the world.
As expected, Musk once again made a surprising statement. Musk said that Tesla is very close to L5 level autonomous driving, which is fully autonomous driving. At the same time, he also claimed that he is confident that the development of basic functions at the L5 level will be completed this year. As soon as this statement came out, it became the focus of debate among major media and entrepreneurs. Regardless of whether Musk was bragging or not, L5 was achieved! It’s the end of the year! Only Musk can say this kind of "wild talk".
But if you think about it carefully, the "wild words" coming out of Musk's mouth seem to have come true one by one. It can be said that Musk now has everything from heaven to earth. Civilian rockets, underground tunnels, electric vehicles, Musk has presented all his previous "dream talks" to people around the world. This has to make us believe that L5 level fully autonomous driving can only be achieved by Musk's Tesla. Such a "wild talk" that sounds a bit unbelievable in the circle has become "good" news for Tesla. , I have to say that Musk is indeed the focus of people's eyes at this stage.
And it’s not just about autonomous driving. Tesla's global charging pile network recently reached a new milestone, with its global fast charging stations reaching 2,000 and charging pile equipment reaching 18,000. Previously, Musk tweeted that the use of super charging piles in North America has reached its pre-epidemic peak, and that China and the Asia-Pacific region have generally performed well.
More convincing support comes from Tesla’s gradually “steady” production and sales data. According to Tesla's official data, Tesla produced more than 82,000 electric vehicles in the second quarter and delivered approximately 90,650 vehicles, higher than Wall Street's estimate of 83,071 vehicles, of which Model 3 and Model Y were the main delivery vehicles. model, 80,050 units were delivered to date.
Tesla said in April that Model Y has achieved profitability, which also means that for the first time in the history of the company since its establishment, a new car can achieve profitability in the first quarter of delivery.
At the same time, in the Chinese market, which is the most powerful market in Musk’s eyes, data from the Passenger Car Association shows that Tesla’s sales share in the pure electric market reached 23% in June, and Tesla’s sales in the second half of the year were still pure growth. Volume, the electric vehicle market in the second half of the year will be significantly higher than the level in the second half of last year, and last week, Tesla just launched the reservation service for the electric pickup truck Cybertruck in China.
At the same time, Tesla is trying to reduce prices to ensure sales momentum. From late May to now, Tesla has reduced the price of Model S and Model , has dropped to less than $50,000.
At the same time, Tesla is also expanding its global footprint to support its ambitious sales ambitions. In documents submitted to the U.S. Securities and Exchange Commission (SEC), Tesla disclosed that the production capacity of the Fremont plant has successfully returned to the level before the shutdown, so Tesla's electric vehicle production in the third quarter of this year is expected to exceed 150,000 units. In addition to the Shanghai factory, which is intensively advancing the second phase of the project, Tesla's Berlin Gigafactory in Germany has finally received special government approval. Once construction is completed, Tesla's total production capacity is expected to exceed 1 million vehicles.
In addition, the construction of Tesla's Austin, Texas, factory has also been put on the agenda, where it will build its second car factory and first pickup truck factory in the United States. The government will provide tax breaks for it. It is expected to save Tesla more than $50 million in expenses over the next 10 years.
On the 15th, Elon Musk posted another picture related to the Berlin Gigafactory on Twitter. After entering July, the construction of Tesla’s Berlin Gigafactory began to accelerate. , the first batch of reinforced concrete panels arrived at the factory last week. This time Musk is going to be "happy" again.
Back to Tesla’s “crazy” stock. Tesla's stock price has risen 140% in the past three months, and it has soared 480% in the past year.
Such a dramatic increase has made Tesla the most short-sold company in the U.S. stock market. Recently, many short sellers have been forced to close their positions and carry out large-scale short covering. If Tesla's stock price rises further, it will trigger more rounds of short covering. So far this year, Tesla's stock price surge has caused $18 billion in losses to short sellers. It’s really not an exaggeration to say that short sellers were “headshot”.
During this period, Musk’s personal wealth also reached a new peak. According to Bloomberg?quint data, Musk's net worth has reached US$70.5 billion, surpassing not only Buffett, but also China's richest man Ma Huateng, Oracle founder Larry Ellison, and Google founder Sergey Brin.
What’s interesting is that the investment philosophies of Buffett and Musk have had “fierce collisions” many times, and neither party is convinced by the other. Buffett believes in the guardian city theory and does not invest much in technology stocks except Apple. However, Musk believes that the "moat" theory has long been outdated, and the disruptive innovation brought by technology stocks is the main line that investment should grasp.
Currently, Musk’s net worth mainly comes from Tesla’s outstanding shares, and another company under his name, SpaceX, has also contributed approximately US$15 billion to Musk’s wealth.
The start-up funds for SpaceX and Tesla came from Musk’s personal assets. During the financial crisis in 2008, in order to save Tesla from bankruptcy, Musk twice injected US$40 million into Tesla. In the same year, SpaceX also suffered a failure to launch its Falcon 1 rocket. Before it won the NASA order , Musk once lived on loans. ?
Twelve years later, even though he has become the seventh richest man in the world, Musk’s view of wealth seems a bit special. In May, Musk said he would no longer own real estate. He believes that assets are a burden, that wealth can crush a person, and that he will only keep things that are truly valuable. So he began to deal with personal real estate. Within two months, he sold 10 properties under his name and cashed out hundreds of millions of dollars. He also revealed that the cash flow will be invested in Tesla and SpaceX to maintain normalcy. operation.
The dreamer and doer seem to be vividly reflected in Musk.
But no matter how prosperous Tesla is now, risks and crises will get closer to it. "When a stock goes up significantly -- up 43% in five or six days -- that only happens before the stock crashes," said Matt Maley, chief market strategist at Miller Tabak. "If a company develops With the new crown vaccine, it may rise by 43%, but stocks with such gains as Tesla are a bubble." John Authers, senior investment reporting editor at Bloomberg, also wrote an article to comment. , the current market valuation of Tesla is based on the assumption that this company can monopolize the new energy vehicle market. If electric vehicles continue to develop, the "big technology bubble" blown by Tesla will one day burst.
Imagine that Toyota’s global sales in 2019 were 10.49 million vehicles, while Tesla’s annual sales were only 360,000 vehicles, not even a fraction of Toyota’s. But now Tesla accounts for 27.5% of the market value of the entire automobile industry, Toyota only accounts for 16%, and Volkswagen only accounts for 7.5%. At the same time, Tesla's revenue is only 0.4% and its profit is close to 0%. Such "weird" data cannot help but make a large number of airdroppers firmly bearish on Tesla.
But why is Tesla so sought after by global institutional funds? It’s because everyone regards Tesla today as Apple 10 years ago. Ten years ago, Apple was only a small company in front of Nokia and Motorola, but Apple led the craze for smartphones to replace traditional mobile phones. Today, Apple’s market capitalization ranks first in the world, with a market capitalization of US$1.57 trillion. Today's Tesla is leading the way in replacing traditional fuel vehicles with smart electric vehicles, just like Apple back then.
The current penetration rate of electric vehicles is only 5%. In the next ten years, electric vehicles will be on an equal footing with fuel vehicles. That’s why the market’s valuation of Tesla is so high. It is not based on the past and present. Instead, we see the electrification, intelligence, and digital transformation of the automotive industry in the next ten years.
In fact, as a company that strives to achieve breakeven, it still has a long way to go. Today, too many people question the number one market value. No matter who it is compared with, Tesla seems to be They are all that inconspicuous little brother. Therefore, Tesla's market value reaching the top is currently only a small part of what everyone is slowly recognizing it for, but whether it can remain the number one depends on its subsequent performance.
This article comes from the author of Autohome Chejiahao and does not represent the views and positions of Autohome.